4DS

5.41%

7.0¢ 4ds memory limited

Ann: Placement for $5.5 Million Completed, page-121

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nwad

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21/03/23

13:53

Post #: 66879358
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Originally posted by z550469: ↑

The capital raise is frustrating for current holders, no doubt. Another 10% in dilution or ordinary shares and 5% in options that will put the brakes on any fomo in the run to PL4.
Wilbert had discussed a capital raise after these results. In my opinion (uninformed) that would be too risky. Any sort of negative result the share price would be savaged and you are then stuggling big time to raise capital and potentially insolvent.
David has taken the initiative to raise funds now to mitigate risk. Prudent risk management. The capital raise had to be done with the options carrot and the easiest and swiftest way is through sophisticated investors. Don't underestimate how hard it is to raise funds in these markets! This is a massive positive that we have $5.5mil to see us through PL4 & PL5. I also don't see the options as a negative as it provides further funding for the company as the options are exercised. 86mil options at 5.5 cents equals a further $4.7mil.
We are
- Adequately Cashed
- 34 Patents that are 100% ours
- PL3 was retested and now has cell operation in the megabit memory array. (This has been incorporated into PL4 and derisks that test)
- Additional improvements to the memory cell were demonstrated on wafers processed at the Stanford and have also been incorporated into PL4.

By no means will we achieve our goals (nothing is given) but the progress that has been made is huge. As a $55 million market cap company there is massive upside potential with less immediate downside risk as of yesterday.

Cheers Z

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Broadly agree.

Getting the money in the bank earlier is better than later, and in a tough market.

However the 10 million options to the manager rankles me a bit frankly.

Also last Friday's price action, well I won't go there. I'm probably annoyed with myself for not smelling the raise and selling a few.

4DS Price at posting: 3.4¢ Sentiment: None Disclosure: Held
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(20min delay)
Last 7.0¢		Change -0.004(5.41%)		Mkt cap ! $123.4M

Open	High	Low	Value	Volume
7.6¢	7.7¢	7.0¢	$248.6K	3.462M

Buyers (Bids)

No.	Vol.	Price($)
5	187995	7.0¢

Sellers (Offers)

Price($)	Vol.	No.
7.2¢	4402	1

View Market Depth

No.	Vol.	Price($)
4	87995	0.070
4	155000	0.069
4	265000	0.068
4	325940	0.067
2	21000	0.065

Price($)	Vol.	No.
0.072	4402	1
0.073	111196	2
0.076	31454	2
0.077	282946	3
0.079	187279	6

Last trade - 16.10pm 06/09/2024 (20 minute delay)

4DS (ASX) Chart

Ann: Placement for $5.5 Million Completed, page-121

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Ann: Placement for $5.5 Million Completed, page-121

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